ATUL AUTO, Will it be one of the best stock in coming rally ?

Hello Everyone!
You may or may not have heard of this company but one thing I am sure of is that, if you you are not superrich you must have used its product ( Google it🙂). Well anyway we only consider technicals here, and on chart it is looking quite strong, let's analyze it.
1. 7 year trendline breakout with volume (refer chart).
2. Higher low and higher high formation. If we look in monthly chart it has made bottom at 120 during Mar'20 crash, after that it moves up slowly
to test its last high but failed in doing so and fall down. One thing we can notice here is that during this fall it doesn't break its bottom and
consolidated which was giving some initial hints of strength (i.e., institutional buy), it consolidated at that place for some time and last month
it has given breakout with a huge gap up forming higher lows and higher highs.
3. Stock is at the area where it got rejected in mar'20, and is holding this level from last 21days w/o any sign of weakness.
4. Volume of the stock is considerably high after mar'20 crash but price has not moved anywhere giving indication of accumulation.
5. W- pattern with strong 2nd leg(refer chart).
6. Last point is the high RR ratio. Since with current entry SL will be below the strong candle of 24thOct'22 which is 8% and we are expecting
price to move to 700.

If you have any point in addition or against above points, do mention in comments.


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